Landed Property
Landed residential property is the most sought after property in Penang. Prices vary a lot and it depends on the location. Land is expensive in Penang and thus the prices of property starts from RM350,000 (US$95,000 / £55,000 / €80,000) onwards for a small terraced house in Penang.
South side of island (close to airport)
Queensbay is a project that will be completed in 2007/2008. It is a large project with a marina, villas, bungalows, semi-detached houses, condominiums and a shopping mall. The picture above shows a 3-storey linked bungalow (or semi-detached house) that starts from RM1.2 million (US$325,000 / £188,000 / €273,000)
Batu Ferringhi area
Miami Bay villas (5-minute walk to the beach) . Prices from RM1.5 million (US$406,000 / £235,000 / €342,000)
Eden Garden villas (15-minute walk to the beach) . Prices from RM1.5 million (US$406,000 / £235,000 / €342,000)
Ferringhi Villas (5-minute walk to the beach) . Prices from RM1.5 million (US$406,000 / £235,000 / €342,000)